After long losing streak, U.S. stocks surge on solid earnings

After the closing bell, Microsoft rose 2.7 percent following the release of its results.

Despite the tumbling stock prices, the US economy looks solid. Technology and consumer-focused companies accounted for much of the sell-off. Shares on Thursday opened higher, regaining some of the ground lost earlier this week.

The Dow Jones Industrial Average fell 296.24 points, or 1.19 per cent, to 24,688.31, the S&P 500 lost 46.88 points, or 1.73 per cent, to 2,658.69 the Nasdaq Composite dropped 151.12 points, or 2.07 per cent, to 7,167.21.

While economic growth is mostly healthy, disappointing corporate results and forecasts this earnings season have shown how tariffs, rising wages and borrowing costs as well as jitters over geopolitical events are hurting companies. The 30-stock index rose 71 points, or 0.3 per cent, to 25,259.

The S&P 500 index fell 42 points, or 1.5 percent, to 2,664.

US stocks plunged on Friday as grim earnings reports from Amazon and Alphabet rekindled a rush to dump technology and high-growth stocks, but data showing economic growth in the last quarter slowed less than expected provided some relief.

Declining issues outnumbered advancing ones on the NYSE by a 3.38-to-1 ratio; on Nasdaq, a 5.42-to-1 ratio favored decliners. Strong results from major companies including Microsoft, Visa and Comcast are sending USA stocks higher Thursday morning as the market found its footing after three weeks of steep declines. All three of the major indices dropped after underwhelming quarterly financial results from major internet companies - like Amazon and Google-parent company Alphabet - spooked markets. The Nasdaq has taken bigger losses than other USA indexes in recent weeks.

Red Sox stymie Dodgers to grab 2-0 World Series lead
Boston opened the scoring in the second inning when Xander Bogaerts doubled and scored on Ian Kinsler's single. These bullpen pitchers will be fired up, raring to go, for the biggest games a baseball player can play in.

The Russell 2000 is down 66.81 points, or 4.4 per cent.

Shares in iRobot plunged 12.3 per cent to United States dollars 80.49 after the robotics technology company said tariffs will reduce its profitability in the fourth quarter.

Chipmaker Micron Technology (MU.O) lost 3.8 percent in extended trade after Western Digital (WDC.O) said it was taking steps to align its output of flash memory chips with projected weak demand. The yield on the 10-year Treasury note fell to 3.08 percent from 3.13 percent late Thursday.

Boeing was one of the few gainers Wednesday. Brent crude, the benchmark for worldwide oil prices, rose 0.9 percent to $76.89 a barrel in London. The fall came after the online retailer and cloud computing heavyweight reported that its quarterly net sales rose to $56.58 billion from $43.74 billion a year earlier.

German Chancellor Merkel to Step Down in 2021
Merkel has been in a hard position since September 2017, when a national election left her party without an overall majority. Being able to keep Bouffier, a deputy CDU leader, as governor would stabilize Merkel in the short term, he said.

Apple's big keynote previewed: new iPad Pros and more
This will be the most radical redesign yet similar to how the iPhone X had changed their smartphone appearance moving forward. Hidden within the depths of iOS is an iPad Pro icon which all but confirms what the new form factor will bring to the table.

Victims of Pittsburgh shooting identified
Local television station KDKA cited police sources as saying Bowers walked into the building and yelled "all Jews must die". The groups have partnered with the Islamic Center of Pittsburgh in order to disburse the funds once the fundraiser ends.

Subtropical Storm Oscar forms in Atlantic; no threat to land
Hurricane-force winds extend outward up to 15 miles from the center and tropical-force winds extend outward up to 70 miles. In a forecast advisory, they said Oscar could become a hurricane as its track begins to curve toward the North Atlantic.

IBM to Acquire Red Hat for $34 Billion
With the acquisition of Red Hat, IBM will look to innovate faster for cloud-based architectures with the open source community. IBM says it now expects to become the world's leading hybrid cloud provider-a combination of local and external cloud services.

Indian Pilot From Delhi Was Captain of Crashed Lion Air Flight
Boeing is aware of the airplane accident reports and is "closely monitoring" the situation, a company spokesman told the Media. Malindo Air, a Malaysian subsidiary of Jakarta-based Lion Air, was the first airline to being using the 737 Max 8 past year .

Facebook removes Iran-linked accounts spreading false info
The social media firm says it has created an election "war room" on the campus to monitor behavior it deems " inauthentic ". The previously suspended Iranian accounts and pages garnered roughly 983,000 followers before being removed, he said.

Samsung Galaxy S10 Will Finally Make It Work
Three versions of the flagship model will be launched, including an affordable version to reach a wider audience. And Samsung fans are slowly running out of reasons not to pick up a Galaxy S9 thanks to huge price cuts.

Germany's Merkel suspends arms sales to Saudi Arabia
Selvi said the dissident journalist had been strangled by a Saudi assassination squad, in a process that took up to eight minutes. Merkel reiterated that she condemned Khashoggi's killing "in the strongest terms" and saw an "urgent need to clear up" the case.